The announcement came right after The Athletic's Ken Rosenthal posted the details.

#Indians exercise RHP Carlos Carrasco’s $10.25M option for 2020 and sign him to two-year extension for ‘21 and ‘22 with vesting option for ‘23, sources tell The Athletic. The extension covers Carrasco’s age 34 and 35 seasons. The vesting option is for his age 36 campaign.

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According to multiple reports, the move on Carrasco makes it more likely for the Indians to trade Trevor Bauer or Corey Kluber, pitchers who could demand good return as the free-agent market shrinks with Patrick Corbin's (Phillies) and Nathan Eovaldi's (Red Sox) signings.

On the heels of Carlos Carrasco’s three-year, $37.5M extension, Cleveland is increasingly motivated to move Trevor Bauer or Corey Kluber, sources tell Yahoo Sports. Plenty of options on the trade market, which is extremely active as Patrick Corbin has signed with the Nationals.

Cleveland.com reported that Carrasco will receive $10.25 million in 2020 and have base salaries of $12 million in both 2021 and '22. Should the vesting option kick in, he could make $14 million in 2023.

USA Today reported similar numbers, stating that Carrasco's total three-year extension is worth $37.5 million with a guarantee that he will stay in Cleveland.